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  • SAUDI ARABIA BREAKING NEWS

UAE Establishes $817 Million Fund To Support Space Sector




PARIS, France - The United Arab Emirates on Sunday launched a 3 billion UAE dirham ($816.84 million) fund to support its space programme and a new initiative to develop radar satellites, the Guld country's president Sheikh Mohammed bin Zayed al - Nahyan said on Twitter.


Dubai ruler Sheikh Mohammed bin Rashed, meanwhile, said the fund aims to supporting the establishment of national companies in the space sector and boost national strategic and research projects.

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